A and B share profits and losses in the ratio of 3 : 2. They admit C as a new partner for 1/3rd share in the profits of the firm which he acquired from A and B in the ratio of 2 : 3

A and B share profits and losses in the ratio of 3 : 2. They admit C as a new partner for 1/3rd share in the profits of the firm which he acquired from A and B in the ratio of 2 : 3. After some time, they admitted D as a new partner for 1/5th share in the profits which he acquired equally from A and C.

Calculate:

(i) New profit sharing ratio of A, B and C;

(ii) New profit sharing ratio of A, B, C and D.

[Ans. (i) 7 : 3 : 5; (ii) 11 : 6 : 7 : 6]